Question: A department has ordered 8 new computers at a cost of $1880 each. The order will not be delivered for 3 months. What amount could



A department has ordered 8 new computers at a cost of $1880 each. The order will not be delivered for 3 months. What amount could the department deposit in a special 3-month CD paying 8.64% compounded monthly to have enough to pay for the machines at time of delivery? The department should deposit $ into the CD. (Do not round until the final answer. Then round to the nearest cent as needed.) A company will need $70,000 in 8 years for a new addition. To meet this goal, the company deposits money in an account today that pays 12% annual interest compounded quarterly. Find the amount that should be invested to total $70,000 in 8 years. The company should invest $ (Do not round until the final answer. Then round to the nearest dollar as needed.) An accountant for a corporation forgot to pay the firm's income tax of $725,822.08 on time. The government charged a penalty of 9.8% interest for the 43 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year. The total amount paid was $ (Round to the nearest cent as needed.)
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